Delaware & Hudson Faces Injunction Over Coal Lands Buyout
A legal dispute before Justice Morgan J. O'Brien centers on the Delaware & Hudson Company and creditors of convertible debentures alleging asset impairment from overvalued coal land purchases and an excessive 9 percent dividend. The company defends the coal land acquisitions as securing future coal reserves and freight feeders for its lines.
MENTIONED IN THIS ARTICLE
Cowing
G. Nicholas
John H. Green, Jr
Esc Weingreen
Delaware & Hudson Company
Morgan J. O'Brien
William Rand
Fur
Hudson Valley —_ Company
Qwanis
Delaware Radser
O'Brien
O'Gotmen
Hudson Coal Company
Penngpsiavia
The
Hudson Company
Hudson Coal
Coal and Iron Company stockholders meet in Baltimore
Holders of preferred stock of the Alabama Toreclgatea Coal and Iron Company met in Baltimore to discuss a new financial plan. It proposes 5.70 percent mortgage bonds with $1.20 exchanged for preferred stock of equal amount if holders subscribe $250 of bonds at 7 percent. Some opposed the plan. no action was taken until spokesmen are locked in. A committee was appointed to report at a Wednesday meeting.
MENTIONED IN THIS ARTICLE
Holpers
Western Maryland Rail
Western Maryland Rail Reed Company
Equitable Trust
T City
Nassau Street
New York
Impany
Philadelphia assignment aids creditors turmoil
William Slade Clark and tankers and brokers of the city announced their assignment for the benefit of creditors. The firm has been a member of the Philadelphia Stock Exchange since January and is currently under unspecified status.
MENTIONED IN THIS ARTICLE
Philadelphia
William Slade Clark
Frm
Philadelphia Stech Exchance
iMf
Assignment Notice Clears Clark Firm of Debts
Accompanying the announcement of the assignment was a statement that Mr. Clark, who conducted the business under the firm name, was not indebted to any member of the exchange. No cause is given for the assignment.
MENTIONED IN THIS ARTICLE
Clark
Exchange
Rock Island Extends Notes With Speyer For One Year
The Chicago Rock Island and Pacific Railway extends its 6 million two year notes for one year at 6 percent interest. Extension secured by $940 Rock Island Arkansas and Louisiana first mortgage bonds. Holders must present notes by March 23 to receive new coupons. a $5 per $1,000 extension cash payment is offered. Par value paid to those not extending on April 1.
MENTIONED IN THIS ARTICLE
Chicago, Rock Island & Pacific Railway Company
Spener & Co
Rock Island, Arkansas & Louisiana Railroad
Sperer & Co
Speyer & Co
Rock Island
Toledo
St. Louis & Western
Treasury
Messrs. Speyer & Co
Panerize
Rock Island, Arkansas
Louisiana
R. R. Co
Pine Street
New York
Mining Notes From Shoshone Mill Idle to Add Screens
The Shoshone mill at Rhyolite Nevada will be idle about a week for plant changes including removing plates lowering screens and elevators installing two additional screens and increasing capacity from 20 tons per day to 256 tons with three shifts. Zinc ore output for February reached 40 362 680 pounds and lead sales totaled 48 918. The district sees little prospecting while new metallurgical plants rise in cobalt district and plans to double capacity at the Cobalt Central company with expanded shipping via Temiskaming Northern Railway to a new concentrating mill near Big Pete shaft.
MENTIONED IN THIS ARTICLE
Rhyolite
Nev
Joplin
Cobalt
O'Brien, Trethewey
Nipissing Ming
Cobalt Central
Cobalttral Mines Company
Temiskaming & Northern Railway
Lawson
Big Pete
Bondholders' committee enlarged to include Dixon and Evans
The Metropolitan Street Railway Company general mortgage bondholders protective committee adds William P. Dixon and Henry Evans to its ranks. The expanded panel, already including Alexander J. Hemphill Donald Mackay and Edward H. Ladd Jr, seeks bond deposits to aid the Guaranty Trust Company trustee in segregating the mortgage and safeguarding bondholder interests.
MENTIONED IN THIS ARTICLE
Metropolitan Street Railway Company
General Mortgage
Alexander J. Hemphill
Donald Mackay
Edward H. Ladd, Jr
William P. Dixon
Henry Evans
Gueranty Trust Company
European produce market report from Liverpool in March
Liverpool markets show firmer wheat spot and steady futures with prices for No 2 red winter at 7s 24d May 7s 3d July 7s 4 4d. Mixed American corn and old stocks dull. peas and ho f stock dull. pork and hams mixed with quiet to weak tones. Butter and cheese firm to easy with varied regional quotes. lard and turpentine dull. rosin and petroleum quiet.
MENTIONED IN THIS ARTICLE
Argentina
Bradstreet
Minneapolis
Duluth
Chicago
Shorts
May
Liverpool
Red Stern
Paris
United States
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Justice O'Gorman
Rock Island Notes
Geo. T. Boggs
Ass’t Treas
State OF New York
State Comptroller’s Office
Albany, N. Y
Albany
Comptroller of the
Martin H. Glynn
My Brother
Bill
Henry
Horace
Charles Taft
Shorty
Sewell Ford
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F. Marion Crawford
F. Luis Mora
Borace T. Carpenter
Jemician
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Burke Jexnike
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Alvin W. Krech
Myron T. Herrick
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Geo. P. Butler
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New Haven & Hartford Railroad Company
Justice Rugg
Supreme Court
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D Trust Company i
Mark T. Cox
Edgar L. Marston
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Rong & Cadwalader
Telegraph
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G. Seeley
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Margaret F. Stanbery
Téa Dickinson
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Sherman Ellsworth Huntley
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Francis Stanbery
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County of New York
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Armina Caldwell
Laura Powell
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John O. Caldwell
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Berkeley
Austin
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New York City
Cedar Grove Cemetery
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Henry B. Cl
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